'Saturday Night Live'

Spoofs Obama for


10/7/2012 9:45 AM PDT BY TMZ STAFF

100712_snl_debateThe puzzle has finally been solved  -- President Obama's terrible debate performance last week was all Michelle Obama's fault ... at least according to "Saturday Night Live."

Last night SNL spoofed Obama and Romney's initial showdown -- offering one hysterical explanation for POTUS (played by Jay Pharoah) choking: he was really thinking about a last minute anniversary gift for the First Lady.

Coffee mug? Denver Bronco's sweatshirt? Bathrobe?

It's funny. Or sad ... 'cause in reality the Prez can't explain away such a sucky showing that easily.